Budget 2019: The Union Budget 2019 has made a clear demarcation between the traditional automobile industry- the one that uses internal combustion engine and uses fossil fuel, and the nascent electrical vehicle fraternity.

The domestic automotive industry saw a marginal increase of 5.1 per cent at 26,267,783 units in the financial year ended March 2019 as compared to 24,961,312 units sold in FY18, says industry body SIAM

According to FADA, two-wheeler sales are down 7.97% since last February while passenger vehicle sales have dipped 8.25%, causing inventory levels to climb to 60-90 days of stock against about a month typically

A tepid festive season that spanned over two months from October to November due to a variety of factors like liquidity crunch, increase in cost of insurance, high fuel and interest rates, left the company staring at a protracted slowdown.

The stimulus by way of cut in excise duty on passenger vehicles announced in the Interim Budget should be retained in the regular Union Budget, the Federation of Automobile Dealers Association has said.